Why Carnival Corporation Stock Dropped Monday

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Cruise operators have been struggling to make it to the point where operations can restart. Investors, though, have been anticipating that the vaccine rollout has that time coming soon, and have bid up shares recently. But another delay from a Carnival (NYSE: CCL) (NYSE: CUK) cruise line brand has frustrated investors selling Monday. As of 11 a.m. EDT, shares in Carnival were down about 4%. 

The company’s Italian Costa Cruise has pushed back its plans for restarting operations by another month. Costa had planned to resume service beginning March 27, but that has now been pushed back to May 1. 

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